Post
Topic
Board Economics
Re: Competition in business
by
CageMabok
on 19/10/2022, 06:54:28 UTC
With competition, of course, the product service and quality service will be better, without competition, producers will easily control anything such as raising prices, lowering quality and so on. The presence of competition will certainly make the business healthy and consumers get a profit.
Healthy competition in every company, industry and factory is a very natural thing to happen because every user of a particular product can also analyze some of the same products before using or buying for himself. And it can also trigger every company, industry and factory to innovate better on their products so that there are more users they can attract to use the products they make or that they produce every year.